Expands the empire state apprenticeship tax credit to include additional credit for people with disabilities.
Summary
Bill S03950 aims to amend the New York labor law by expanding the Empire State Apprenticeship Tax Credit to include an additional credit for employers who hire individuals with disabilities. The proposed legislation defines 'disability' in accordance with existing state law and introduces a new financial incentive for employers, allowing them to receive a credit of $500 for each person with a disability they hire. This is in addition to the existing tiered tax credits based on the year of apprenticeship, which range from $2,000 to $6,000 depending on the apprentice's year of service.
Impact
If enacted, this bill would enhance the existing apprenticeship program by incentivizing the hiring of individuals with disabilities, thereby promoting inclusivity in the workforce. It would amend section 25-c of the labor law, potentially increasing the number of apprentices with disabilities and providing employers with financial relief for hiring these individuals. This change could lead to a more diverse labor market and improve employment opportunities for people with disabilities across New York State.
Sentiment
The sentiment surrounding Bill S03950 appears to be positive, as evidenced by the unanimous support in the Senate Labor Committee, where it received 12 votes in favor and none against. This indicates a strong bipartisan agreement on the importance of expanding opportunities for individuals with disabilities and supporting employers who contribute to this goal.
Contention
While there is general support for the bill, some stakeholders may raise concerns about the adequacy of the proposed credit amount and whether it sufficiently incentivizes employers to hire individuals with disabilities. Additionally, there may be discussions regarding the implementation and monitoring of the program to ensure that it effectively meets its objectives without creating undue burdens on employers.
Providing for Keystone State Apprenticeship Tax Credit; establishing the Keystone State Apprenticeship Tax Credit Program; and imposing duties on the Department of Labor and Industry.